VistaShares Electrification Supercycle ETF (NYSEARCA:POW) Sees Large Decline in Short Interest

VistaShares Electrification Supercycle ETF (NYSEARCA:POW) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 19,200 shares, a decline of 38.7% from the April 15th total of 31,344 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average trading volume of 90,119 shares, the days-to-cover ratio is currently 0.2 days.

VistaShares Electrification Supercycle ETF Stock Down 2.8%

Shares of NYSEARCA:POW traded down $0.87 during midday trading on Monday, reaching $29.84. The company had a trading volume of 92,544 shares, compared to its average volume of 52,386. VistaShares Electrification Supercycle ETF has a 1-year low of $18.72 and a 1-year high of $35.55.

Institutional Trading of VistaShares Electrification Supercycle ETF

A hedge fund recently raised its stake in VistaShares Electrification Supercycle ETF stock. Beaumont Financial Advisors LLC lifted its stake in VistaShares Electrification Supercycle ETF (NYSEARCA:POW) by 93.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,547 shares of the company’s stock after acquiring an additional 12,824 shares during the quarter. Beaumont Financial Advisors LLC owned approximately 2.12% of VistaShares Electrification Supercycle ETF worth $644,000 as of its most recent SEC filing. 98.49% of the stock is currently owned by hedge funds and other institutional investors.